Bull market could be in for China according to the Wyckoff method [Video]

Bull market could be in for China according to the Wyckoff method [Video]

Based on the Wyckoff trading method, China internet ETF, KWEB, could be in for a bull run as it nears completion of Wyckoff accumulation pattern.

Watch the video below and take advantage of the five outperforming China stocks selected from the KWEB ETF constituents as mentioned in the video on top of KWEB for swing trading or even position trading.

height=”360″ src=”https://www.youtube.com/embed/K2Kdrfn7UAE?rel=0″ width=”640″>

The bullish setup vs. the bearish setup is 470 to 95 from the screenshot of my stock screener below. While the directional bias for S&P 500 (ES) is still to the downside, the number of bullish trade entry setup actually increased from last week.

This is a great sign for the bulls as it could suggest the outperforming stocks as highlighted in the live session could have bottomed out already and are on the markup phase E (e.g. uptrend) despite the index like S&P 500 is likely to have another leg down to at least testing the previous swing low or lower.

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Read More